HSBC reshuffles leadership team after Green's leave
A man descends from the escalator at the HSBC headquarters in Hong Kong January 15, 2009. HSBC Holdings is likely to halve its dividend and may need to raise up to $30 billion in a rights issue, according to leading analysts, sending shares in Europe's biggest bank to a seven-year low. REUTERS

HSBC Securities downgraded India's Unitech to underweight from neutral and DLF to neutral from overweight, saying it expecting the real estate companies to miss their FY11 volume guidance and issue conservative FY12 guidance.

At 10:19 a.m. (0449 GMT), shares in Unitech were down 0.1 percent while DLF shares were up 0.8 percent. The main stock index was up 0.5 percent.

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